8b Lee Place, Bader, Hamilton

Nestled in the serene Lee Place of Bader, Hamilton, this thoughtfully renovated 2-bedroom, 1-bathroom home with a single carpark presents an ownership opportunity on a cross-lease title. Constructed in 1970 with iron roofing and fibrous cement walls, both in average condition, the property boasts a level contour and a generous floor area of 70 square meters. The capital value has seen a significant increase from $280,000 in September 2018 to $400,000 in September 2021, reflecting a growth rate of 42.86%. The HouGarden AVM estimates the property's worth at $367,500, while the latest sales were recorded at $332,500 in 2021 and $295,000 in 2009.

With a practical open-plan layout and a spacious section, this home is ideal for investors seeking a rental yield of 5.5% with a potential income of $510-$530 per week. It's also perfect for young couples looking for a starter home, retirees desiring privacy and security, and parents who value the safety of a fully fenced backyard with a clear view from the living room. The north-facing deck, accessible through a large double-glazed ranch slider, extends the living space into the sun-kissed backyard, creating a haven for relaxation and entertainment.

Located 3km from Hamilton's CBD, in close proximity to Waikato Hospital and Hamilton Lake Domain, this property is within a desirable school zone. The educational institutions in the area are known for their high decile ratings, offering an excellent environment for academic growth.

Updated on December 04, 2024